TEXAS BANK & TRUST COMPANY Failed 1986

LUBBOCK, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

TEXAS BANK & TRUST COMPANY of LUBBOCK, TX was closed on 1986-09-19. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to REPUBLICBANK LUBBOCK NA (LUBBOCK, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1277
FDIC Certificate
21038
FDIC FIN
2599
Bank name
TEXAS BANK & TRUST COMPANY
Location
LUBBOCK, TX
Failure date
1986-09-19
FDIC resolution date
1986-09-19
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$12M
Deposits at failure
$36M
Assets at failure
$39M
Acquiring bank
REPUBLICBANK LUBBOCK NA (LUBBOCK, TX)